Youanmi Funded to Production Through $350 Million Commitment
Rox Resources has secured a $350 million debt facility from Societe Generale, SMBC, HSBC and Westpac, fully funding its Youanmi gold mine in Western Australia through to production. The package includes a $300 million senior secured term loan, a $20 million cost‑overrun facility and a $30 million bank‑guarantee facility. Banks’ independent technical due‑diligence validated the project’s high‑margin potential. Debt drawdown is targeted for the September 2026 quarter, with a final investment decision expected later this quarter.
AMEC Submission Targets Workforce, Infrastructure Gaps
The Association of Mining and Exploration Companies (AMEC) submitted recommendations to a Senate inquiry urging the Australian government to boost community engagement, infrastructure investment, and workforce development for the critical minerals sector. The proposal calls for increased funding for Prescribed...
Austmine Appoints Tony Davis as New CEO
Austmine has appointed Tony Davis as its new chief executive officer, effective 1 April 2026. Davis brings over 30 years of senior leadership across government, mining‑related industries, energy and advanced manufacturing. His most recent role was executive general manager – The Americas at...
Brightstar Secures $170 Million Nordic Bond
Brightstar Resources closed a fully‑subscribed $170 million (US $120 million) senior secured Nordic bond, adding to a recent $193 million equity placement. The proceeds will finance the Goldfields project’s development and construction, as well as advance the Sandstone project through feasibility studies toward a...
Queensland Mine Rehabilitation Scholarships Open for 2026
The Queensland Resources Council has opened applications for the 2026 ReGen Queensland Scholarships, offering up to $40,000 per year for three years to support PhD and Master’s research on mine rehabilitation. Funded by the Coal Minesite Rehabilitation Trust Fund, the...
High-Grade Niobium Drives WA1’s Luni Development
WA1 Resources reported several high‑grade niobium intersections at its Luni project, including a 6.5‑metre interval grading 6.6% Nb₂O₅. The infill drilling, conducted alongside 25 diamond and seven air‑core holes, expands mineralisation beyond the current western indicated envelope. An updated mineral...
Flotation ‘Game-Changer’ Boosts Victory’s North Stanmore Rare Earth Potential
Victory Metals announced a major resource upgrade at its North Stanmore heavy rare earth project in Western Australia, reporting a near 50‑fold increase in recoverable material. The company demonstrated a novel flotation process that separates rare earths from ore early,...
Victoria Eyes Global Antimony Edge with New Processing Push
Victoria's government introduced the Advancing Antimony Grants, offering up to $1 million to develop a state‑of‑the‑art antimony processing hub. The program targets the state's sole operating antimony mine at Costerfield and recent exploration at Sunday Creek, aiming to boost local processing...
Mining Underpins National Profit Growth, ABS Reveals
The Australian Bureau of Statistics reported that gross operating profits across private‑sector firms rose 5.8% in the December quarter, driven largely by an 8.1% surge in mining profits. Mining sales grew 1.2% and inventories increased 0.7%, while wages in the...
Glencore Celebrates ‘Integral’ Coal Leader Following Retirement Announcement
Glencore announced that its long‑time coal chief executive Ian Cribb will retire at the end of March, ending a 30‑year tenure that saw the business expand from a single mine to Australia’s largest coal producer with 13 active sites. Cribb...
Horizon Raises $175 Million to Drive Black Swan
Horizon Minerals announced a $175 million institutional placement plus a $10 million share purchase plan to fund the Black Swan processing hub near Kalgoorlie. The capital will finance refurbishment of the hub for gold processing, infrastructure, pre‑production activities and working capital for...
PLS Takes Control of Lithium Midstream Project as Ngungaju Restart Nears
Australian lithium midstream specialist PLS has acquired Calix Limited’s stake in the Mid‑Stream Demonstration Plant, taking full ownership, funding and operational responsibility. The move aligns with PLS’s strategy to capture more value from lithium processing and supports on‑shore refining ambitions....
South Australia Soars in Global Mining Attractiveness Rankings
South Australia vaulted to fourth place in the Fraser Institute’s 2025 mining attractiveness rankings, up from 35th a year earlier, after its Investment Attractiveness Index rose 26 points. The state also secured the top global spot for mineral potential, driven...
Exploration Round-Up: True North Secures Legacy Mine Funding
True North Copper secured a $400,000 Queensland Government grant to assess legacy waste at its Mt Oxide project, aiming to determine reprocessing potential. The non‑dilutive funding supports drilling, laboratory assays, and metallurgical testing, with a partnership with Regeneration Enterprises for...
Ballard Mining Hits Million-Ounce Gold Resource
Ballard Mining announced that its Baldock deposit within the Mt Ida project has reached a one‑million‑ounce indicated and inferred gold resource. The infill drilling program added 76,000 ounces, raising the deposit to nine million tonnes at 3.5 g/t, while the broader Mt...
Minister Backs Progress Towards Mt Lyell Restart
Federal Resources Minister Madeleine King announced government backing for the restart of Tasmania's Mount Lyell copper‑gold mine, now in care and maintenance since 2014. Sibanye‑Stillwater has finished a feasibility study and expects a board decision this year. The mine holds a...
Golden Grove Powers 29Metals Back to Profit
29Metals reported a decisive financial turnaround in 2025, swinging back to profitability after a $178 million net loss in 2024. Revenue rose 3% to $567 million while cost of sales fell 14%, lifting EBITDA to $176 million and delivering a $24 million net profit....
Yancoal Hits Stride with Record Coal Production
Yancoal posted record 2025 coal production, lifting run‑of‑mine output to 67 million tonnes and saleable production to 50.8 Mt, despite a 13% revenue decline driven by lower coal prices. Operating EBITDA reached $1.44 billion, delivering a 24% margin, while cash operating costs fell...
Northern Territory Hails Record Gold Production Amid Exploration Push
The Northern Territory recorded a $1.7 billion gold output in 2024/25, aiming for a $2 billion target. Mining Minister Gerard Maley stressed that the region remains under‑explored and called for intensified prospecting to sustain future projects. The government also seeks to broaden...
Government Monitors Iron Ore Pricing Shifts Amid China Talks
The Australian government is closely tracking new iron‑ore pricing arrangements being trialled between Chinese buyers and major Australian producers. Companies such as Fortescue and Rio Tinto have begun using Fastmarkets, while BHP negotiates with China Mineral Resources Group over alternative...
Rox Advances Youanmi on Multiple Fronts Towards First Gold
Rox Resources is accelerating development at its wholly‑owned Youanmi gold project in Western Australia, completing roughly 750 metres of underground advance and targeting first‑level access by month‑end. Surface and underground infill drilling are underway to boost early ore inventory, while dewatering...
Record Iron Ore Shipments Fill Fortescue’s Pockets
Fortescue Metals Group delivered a record 100.2 million tonnes of iron ore in the first half of FY 2025, a 3% increase over the prior period, driving revenue to $8.4 billion and EBITDA to $4.486 billion. Mining output rose 2% and processing volumes matched...
Alkane Uncovers Bonanza Antimony-Gold Hits at Kendal
Alkane Resources has identified high‑grade antimony‑gold intersections at the Kendal system, an up‑dip extension of its Youle and Shepherd deposits at Costerfield, Victoria. Infill and extension drilling over the past year revealed multiple bonanza‑style zones, notably the 520 vein which...
Operational Upgrades Drive Record Month for Pilbara Ports
Pilbara Ports posted a record 67.9 million tonnes of cargo in January 2026, a 12% increase over the same month last year. The surge was driven by operational tweaks at Port Hedland, including revised ebb‑tide vessel guidelines and enhancements to the...
Tomingley Discovery Continues to Expand Alkane’s Opportunities
Alkane Resources announced the discovery of a new gold‑bearing geological structure at its Tomingley project in New South Wales, backed by both underground and near‑mine drilling. The campaign returned high‑grade intercepts, including 5.9 m at 31.0 g/t Au underground and 8.7 m at...
Regis Builds Momentum with Fresh Tropicana Reserve Boost
Regis Resources has issued an updated mineral resource statement for its 30% stake in the Tropicana joint venture, now reporting 5.4 million ounces of gold resources and 1.9 million ounces of ore reserves. The growth stems from systematic drilling that expanded mineralisation...
Queensland Puts Mount Isa Supply Chain on Track with Rail Subsidy
Queensland announced a 10 percent subsidy on below‑rail access charges for the Mount Isa Line, aiming to lower freight costs for the state’s mining corridor. The measure is expected to save users over $5 million across four years for a typical shipper...
Perenti Lifts Earnings, Strengthens Margins in FY26 Half-Year
Perenti reported a solid first‑half FY26 result, posting $1.73 billion revenue and a 3% rise in EBITA to $160.1 million. Underlying net profit jumped 12% to $91.8 million, lifting earnings per share 12% to 9.8 cents and improving the EBITA margin to 9.3%. The...
Onslow Powers MinRes’ $1.2 Billion Earnings Record
Mineral Resources (MinRes) posted a record first‑half EBITDA of $1.2 billion on $3.1 billion revenue, a 286% profit surge. The jump was driven by Onslow Iron reaching its 35 Mtpa nameplate, delivering $519 million EBITDA, and strong lithium recoveries at Wodgina and Mt Marion. Net...
Ramelius ‘Supercharges’ Mt Magnet with First Never Never Haul
Ramelius Resources has shipped its inaugural 31,000‑tonne ore batch from the Never Never deposit to the Mt Magnet processing hub, marking a key step in its growth plan. The development ore, grading 3.6 g/t, delivers roughly 3,600 ounces and will be blended with...
Capricorn Metals Strikes Gold Potential with Acquisition
Capricorn Metals has acquired the Extension Hill and Mungada tenures, adding about 60 sq km of prospective land in Western Australia’s Yalgoo‑Singleton Greenstone Belt. The $1.5 million deal combines a $100,000 cash payment with share issuances and contingent earn‑outs tied to a 75,000‑ounce...
Record Iron Ore Output Boosts Rio Tinto’s Yearly Performance
Rio Tinto posted an eight‑percent rise in copper‑equivalent production in 2025, driven by record iron‑ore output from Western Australia and the first shipment of high‑grade ore from Simandou. The Western Range replacement mine opened on time and on budget, while...
Exploration Round-Up: High-Grade Cobalt-Scandium Confirmed at Ida Holmes
Western Yilgarn NL announced a high‑grade cobalt‑scandium‑nickel discovery at its Ida Holmes Junction project, reporting up to 2.47% cobalt and 126 ppm scandium oxide from rock‑chip samples. The mineralised quartz‑hematite outcrop stretches at least 120 m along strike and remains open, suggesting...
AIC Powers Ahead on Copper Growth with Strong Half-Year Result
Australian mining company AIC reported a strong half‑year performance, generating $110.6 million revenue and producing 6,526 tonnes of copper at an AISC of $4.92 per pound. EBITDA reached $48.6 million and net profit after tax rose to $17.4 million, with basic earnings per share...
